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Category: Bitcoin

Officials from the City of Valdez are in the final phases of recovering information from its servers after four months of it being held by cyber-criminals demanding a bitcoin ransom, KTUU reported on November 18, 2018. Cyberattack That Held City’s Info for Ransom in Final Recovery Phase A small Alaskan town of Valdez became the victim of a malicious cyber-attack…

The price of bitcoin broke away from its “stablecoin mark” in the mid-6,000s and dropped by over twelve percent as a result of the bitcoin cash (BCH) hash war that has spooked investors and highlighted how fragile and volatile the digital currency sector still is. On Thursday, the bitcoin cash (BCH) network split into two after disagreements among critical stakeholders…

While bitcoin serves many functions, one its most substantial uses is as a payment system. Typically the metric that has been used to compare Bitcoin to companies like VISA, Paypal, or even newer blockchains that tout higher transaction capacity, is through how many transactions the system can handle, usually seen as transaction per second (tps). An article published on November…

In a historic decision amidst the crypto bloodbath, Swiss cryptocurrency startup Amun AG has been given the go-ahead to list a crypto index fund on Europe’s fourth-largest stock exchange, SIX Swiss Exchange. With a market cap of $1.6 trillion, the exchange will facilitate the world’s first crypto Exchange Traded Product (ETP), reports Trustnodes, November 17, 2018. Access to Institutional and Retail…

An executive board member of the European Central Bank (ECB), Benoit Coeure, dealt a verbal blow to bitcoin and the infant cryptocurrency industry when he termed the digital currency “a combination of a bubble, a Ponzi scheme, and an environmental disaster,” per a report by Bloomberg, published November 15, 2018. Bitcoin “Evil Spawn” of Financial Crisis Speaking at the Bank…

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Shapeshift CEO Eric Voorhees and cryptocurrency loans startup Salt Lending Ltd. is under investigation by the U.S. Securities and Exchange Commission (SEC) concerning its $50 million ICO in 2017, per a Wall Street Journal article, published November 15, 2018. SEC Seeks Clarity Regarding 2017 ICO Salt was founded in 2016 and is one of the first crypto to fiat loan…

The Chairman of the International Business Forum (IBF) Erol Yarar has urged Islamic countries to embrace a common type of cryptocurrency system. The call was made due to the growing concerns among Muslim states on the overwhelming nature of the U.S. dollar and its grip on the world financial markets, reported Anadolu Agency on November 5, 2018. U.S. Dollar Is…

There is little doubt that cryptocurrency mining is extremely power intensive, with particular emphasis on coins that still rely on the Proof-of-Work (PoW) consensus mechanism. Recognizing this, Washington State’s Chelan County Public Utility District (PUD) has proposed a rate hike for mining enterprises within the region. The county is currently awaiting comments to be submitted, before enacting the hike. Chelan…

Tokyo police arrested eight men on November 14, 2018, for a cryptocurrency-related pyramid scheme that scammed 6,000 people of 7.8 billion yen (approximately $68.42 million). According to Japanese News company Asahi Shimbun on November 16, 2018, the Tokyo Metropolitan Police Department suspected that the arrested men might have violated the Financial Instruments and Exchange Law as they failed to register their…

Blockchain startup Coinmine has announced the launch of its innovative new cryptocurrency mining device. The device is a combination of hardware and software, which is designed to bring ease of use to digital currency mining so that anyone can mine crypto from home. One-Click Mining Setup The Los Angeles-based startup has revealed in a press release that its first device,…

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